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Sudan and Ethiopia have reportedly refused to ratify the environmental impact studies on the Grand Ethiopian Renaissance Dam (GERD), Egyptian Irrigation Minister Mohamed Abdel Aati said yesterday, Al Shorouk reports. Egypt was the only country out of the three to approve the studies, according to Abdel Aati, while Ethiopia and Sudan reportedly requested to amend […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Trump, Tillerson decimating US State Department -Bloomberg
US President Donald Trump and State Secretary Rex Tillerson are “decimating” the State Department as high-ranking Foreign Service officers have been pushed into retirement, Bloomberg’s editorial board writes. “Only nine out of 28 undersecretaries or assistant secretaries of state have been nominated or confirmed. Among the dozens of ambassadorships without even a nominee are those […]
Posted inDiplomacy + Foreign Trade
Egypt, Tunisia sign 10 cooperation agreements
Egypt and Tunisia signed 10 cooperation agreements yesterday on maritime transport, veterinary services, international markets and fairs, investment and international cooperation, new and renewable energy, pharma, and sports, according to a Cabinet statement. The agreements were signed during a meeting of the Egyptian-Tunisian Joint Committee in Cairo, led by Prime Minister Sherif Ismail and his […]
Posted inDiplomacy + Foreign Trade
Chinese, Indian, Taiwanese companies to invest USD 450 mn in Egypt's textiles sector in 2018
Chinese, Indian, Taiwanese companies are expected to invest as much as USD 450 mn in Egypt's textiles sector in 2018, interim president of the Readymade Garments Export Council Fadel Marzouk tells Al Masry Al Youm. The companies, which Marzouk did not name, have begun the procedures to establish their projects. His statements came as the […]
Posted inDiplomacy + Foreign Trade
Five agreements to be inked during Zambian President’s visit
Egypt and Zambia are set to sign five agreements during Zambian President Edgar Lungu’s visit to Cairo this week, according to ZNBC. The agreements will cover health, agriculture, irrigation, and industry. Lungu, who arrives in Cairo tomorrow for a three-day visit, is scheduled to meet President Abdel Fattah El Sisi to discuss cooperation and suggested […]
Posted inDiplomacy + Foreign Trade
50 Indian companies to participate in trade fair
50 Indian machine tools and technology firms will participate in an trade fair organized by the Engineering Export Promotion Council on Thursday, according to Money Control.
Posted inEnergy
Gov’t FiT costs from Benban solar park could reach EGP 3.3 bn per year
The Egyptian Electricity Transmission Company (EETC) expects its feed-in tariff payments for the solar power projects in Benban, Aswan to reach EGP 3.3 bn per year, according to Al Borsa.
Posted inInfrastructure
Sesco Trans in talks for loan to fund EGP 3 bn dry dock project
Sesco Trans Egypt is in talks with local banks for a loan to fund its EGP 3 bn dry dock project in Alexandria, Managing Director Ahmed Gharib told Al Shorouk. The project is currently being reviewed by the State Council after being signed off by the Transport Ministry and should be implemented within 24 months. […]
Posted inReal Estate + Housing
CGP to award contracts worth EGP 2-3 bn in 2018 for Al Burouj project
Capital Group Properties (CGP) is planning to award contracts worth EGP 2-3 bn next year with to complete the first phase of its EGP 50 bn Al Burouj project, head of the company’s head of development Ahmed Fathy tells Al Shorouk. The company had previously announced its plans to sign EGP 500 mn worth of […]
Posted inTourism
US-Saudi consortium planning USD 3 bn amusement park complex in Matrouh
A consortium made up of unnamed US and Saudi companies is apparently investing USD 3 bn in an amusement park complex in Matrouh, Governor Alaa Abu Zeid announced in a press conference on Sunday,according to AMAY. Despite the size and scope of the project, Abu Zaid made no mention of what the project entails and […]